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Taxation debates

• ❌❌ZebulonPike❌❌ Apr 5, 2012

  👿Belial wrote:

  The trickle down philosophy as the rich dot let it trickle. They're only interested in themselves which is why they're rich in the first place
  

  That's why I proposed increasing their taxes. The trickle down effect is non existent. The rich invest their money, not just give it away.
• Jeff 🍆 Newton Apr 5, 2012

  💀Keyser⌖Söze💀 wrote:

  Jeff 🍆 Newton wrote:

  Mackmech(addKM) wrote:

  My boss owns a crane company. He came from nothing to owning a multimillion dollar company. U want to tax him 50-90%??? Why would he keep the company going???
  And, how many times has a poor person handed u ur paycheck? I wish my rich boss paid NO taxes period. It would leave him more money to put back into his company and make sure all 175 of his employees had jobs.
  

  Sure, like they actually do that

  Jeff, you disappoint me. 😢
  Read Sir Waste A Lot's post please

  I agree withwastes post. I was saying how if you give more money to a very large corporation, they won't really be handing it over in your paycheck.
• Brown🎵Note Apr 5, 2012

  Let's hear from "the greedy rich people" on this issue.

  THE SUPREME SOVIET CALLS: "THE BANKING AND INDUSTRIAL BOURGEOIS" TO THE FORUM, PLEASE!
• Brown🎵Note Apr 5, 2012

  Wes Bush is chairman, chief executive officer and president of Northrop Grumman Corporation, a leader in global security. 

  Bush earned a bachelor’s degree and a master’s degree in electrical engineering from the Massachusetts Institute of Technology. He also completed the University of California, Los Angeles’ Executive Management Program. Bush serves on the board of directors of Norfolk Southern Corporation. He also serves on boards of several non-profit organizations, including the Smithsonian National Air and Space Museum, Conservation International and the Business-Higher Education Forum. In 2008, Bush was appointed to serve on the National Infrastructure Advisory Council.
• Brown🎵Note Apr 5, 2012

  Mr. Bush, why do you do it?

  BUSH: "MONEY MONEY MONEY, MUA-HAHAHA!!!"

  But Mr. Bush, your employees, thousands of engineers, scientists, technicians... They are all impoverished, while you sleep on a bed of $100 bills. Shouldn't you pay more than you are now?

  BUSH: "NEVAR!! MUA-HAHA!!"

  But surely state and federal corporate taxes, employment taxes, capital gains, and your top bracket personal income tax rate isn't enough... What's that anyway... 60% of your profits? Shouldn't you pay even more?

  BUSH: "IF YOU TAX ME MORE, I WILL LAY OFF HUNDREDS OF POOR, STARVING ELECTRICAL ENGINEERS, MUA-HAHAHA!"
• Kᴈᵞᶊᴈᴿ Apr 5, 2012

  Brown🎵Note😲 wrote:

  Mr. Bush, why do you do it?

  BUSH: "MONEY MONEY MONEY, MUA-HAHAHA!!!"

  But Mr. Bush, your employees, thousands of engineers, scientists, technicians... They are all impoverished, while you sleep on a bed of $100 bills. Shouldn't you pay more than you are now?

  BUSH: "NEVAR!! MUA-HAHA!!"

  But surely state and federal corporate taxes, employment taxes, capital gains, and your top bracket personal income tax rate isn't enough... What's that anyway... 60% of your profits? Shouldn't you pay even more?

  BUSH: "IF YOU TAX ME MORE, I WILL LAY OFF HUNDREDS OF POOR, STARVING ELECTRICAL ENGINEERS, MUA-HAHAHA!"
  

  LMAO
• Add: OLSEN Apr 5, 2012

  ⌖🔥💃Johnny O💃🔥⌖ wrote:

  Also to clarify the 99% model here is a little data:
  90% - income $154k
  95% - income $200k
  97% - income $290k
  99% - income $815k
  99.9% - income 2.07 million

  So the question is are you suggesting taxing more the top 10% 5% 1% or the .1%
  

  Fuck that shit!
• 👿Belial Apr 5, 2012

  Brown🎵Note😲 wrote:

  Mr. Bush, why do you do it?

  BUSH: "MONEY MONEY MONEY, MUA-HAHAHA!!!"

  But Mr. Bush, your employees, thousands of engineers, scientists, technicians... They are all impoverished, while you sleep on a bed of $100 bills. Shouldn't you pay more than you are now?

  BUSH: "NEVAR!! MUA-HAHA!!"

  But surely state and federal corporate taxes, employment taxes, capital gains, and your top bracket personal income tax rate isn't enough... What's that anyway... 60% of your profits? Shouldn't you pay even more?

  BUSH: "IF YOU TAX ME MORE, I WILL LAY OFF HUNDREDS OF POOR, STARVING ELECTRICAL ENGINEERS, MUA-HAHAHA!"
  

  Sounds like an accurate portrayal to me.
• Brown🎵Note Apr 5, 2012

  👿Belial wrote:

  Brown🎵Note😲 wrote:

  Mr. Bush, why do you do it?

  BUSH: "MONEY MONEY MONEY, MUA-HAHAHA!!!"

  But Mr. Bush, your employees, thousands of engineers, scientists, technicians... They are all impoverished, while you sleep on a bed of $100 bills. Shouldn't you pay more than you are now?

  BUSH: "NEVAR!! MUA-HAHA!!"

  But surely state and federal corporate taxes, employment taxes, capital gains, and your top bracket personal income tax rate isn't enough... What's that anyway... 60% of your profits? Shouldn't you pay even more?

  BUSH: "IF YOU TAX ME MORE, I WILL LAY OFF HUNDREDS OF POOR, STARVING ELECTRICAL ENGINEERS, MUA-HAHAHA!"
  

  Sounds like an accurate portrayal to me.

  Yes, I know. Because you live in fairy land.
• ~B~ Apr 5, 2012

  If it's not because they're selfish brown then explain their money. And don't give that rich people work harder than the average Joe. Quite often it's the opposite. The normal person works way harder than the normal wealthy asshole
• Surf n' Turf Apr 5, 2012

  The richer you are shouldn't mean you get punished more in taxes!...what's the point of making more money if you just have to give it right back to the government?
• ~B~ Apr 5, 2012

  Surf n' Turf wrote:

  The richer you are shouldn't mean you get punished more in taxes!...what's the point of making more money if you just have to give it right back to the government?
  

  Giving back to your country shouldn't be considered a punishment. It's civic duty. Those that have gotten more from their country should pay more. It's a simple concept.
• Brown🎵Note Apr 5, 2012

  ~B~ wrote:

  Surf n' Turf wrote:

  The richer you are shouldn't mean you get punished more in taxes!...what's the point of making more money if you just have to give it right back to the government?
  

  Giving back to your country shouldn't be considered a punishment. It's civic duty. Those that have gotten more from their country should pay more. It's a simple concept.

  They do pay more. What's your point?
• ~B~ Apr 5, 2012

  Brown🎵Note😲 wrote:

  ~B~ wrote:

  Surf n' Turf wrote:

  The richer you are shouldn't mean you get punished more in taxes!...what's the point of making more money if you just have to give it right back to the government?
  

  Giving back to your country shouldn't be considered a punishment. It's civic duty. Those that have gotten more from their country should pay more. It's a simple concept.

  They do pay more. What's your point?

  Not really. Currently the percentages are near the same for super rich and middle class. There are plans to actually lower the percentage below middle class soon as well. They're paying the same brown.
• Brown🎵Note Apr 5, 2012

  2009 personal federal income tax; not counting estate, business, employment, excise, or gift taxes:

  The top 50% of income earners pay 97.75% of all individual federal tax revenues.

  The top 25% pay 87.3%.

  The top 10% pay 70.47%.

  The top 5% pay 58.66%.

  The top 1% pay 36.73%.

  That is the top 1% paid $431.7 Billion dollars in taxes.
  The bottom 50% of the income tax filers paid $26.4 Billion.

  If you think Warren Buffett's secretary pays more than he does, you are sorely mistaken.

  And this does not include the ~70% of federal revenue from estate, business, employment, excise, or gift taxes.. You know, what the rich pay.

  So, to the bottom 90% of income tax filers: Get off your ass and pay your fair share! You are only covering about 10% of our tax revenues!
• Brown🎵Note Apr 5, 2012

  Here it is:

  Flat Tax: Everyone pays $2000
  Progressive Tax: Everyone pays 10%
  Hyper-Progressive Tax: What we have now.

  Your definition of "more" is in need of some serious revision.
• Johnny O 💃 Apr 5, 2012

  Good pull on the stats Brown.
  Now I would be curious to see the breakdown on the estate tax. Hey nothing like double taxation. Pay up front then pay again when you die.
• ✯ErrorCode21✯ Apr 5, 2012

  its Dylan wrote:

  The catholic church is one of the largest corporations in the world. Tax them.
  

  👍👍👍👍
• ⚪️ Apr 5, 2012

  ⌖🔥💃Johnny O💃🔥⌖ wrote:

  Also to clarify the 99% model here is a little data:
  90% - income $154k
  95% - income $200k
  97% - income $290k
  99% - income $815k
  99.9% - income 2.07 million

  So the question is are you suggesting taxing more the top 10% 5% 1% or the .1%
  
• ⚪️ Apr 5, 2012

  ⌖🔥💃Johnny O💃🔥⌖ wrote:

  Good pull on the stats Brown.
  Now I would be curious to see the breakdown on the estate tax. Hey nothing like double taxation. Pay up front then pay again when you die.
  
• ~B~ Apr 5, 2012

  Brown🎵Note😲 wrote:

  Here it is:

  Flat Tax: Everyone pays $2000
  Progressive Tax: Everyone pays 10%
  Hyper-Progressive Tax: What we have now.

  Your definition of "more" is in need of some serious revision.
  

  It's the lowest it's been in history brown. And most are trying to make it even lower. We have to ask ourselves why. Currently debt is up and spending is also up. Adding more taxes to the rich could very well help. It sure wouldn't hurt.
• Brown🎵Note Apr 5, 2012

  ~B~ wrote:

  Brown🎵Note😲 wrote:

  Here it is:

  Flat Tax: Everyone pays $2000
  Progressive Tax: Everyone pays 10%
  Hyper-Progressive Tax: What we have now.

  Your definition of "more" is in need of some serious revision.
  

  It's the lowest it's been in history brown. And most are trying to make it even lower. We have to ask ourselves why. Currently debt is up and spending is also up. Adding more taxes to the rich could very well help. It sure wouldn't hurt.

  There you go with wrong information again. Tax revenue is higher than it's ever been, and before 1911, it was zero.

  And to say it wouldn't hurt... My dog man! It would hurt the economy. It would hurt our capital. It would exchange good jobs for shit jobs. It would inflate the cost of goods.

  Just quit while you still have a shred of credibility.
• Brown🎵Note Apr 5, 2012

  Spending is up, so your answer is to increase revenues??

  That's like giving a compulsive spender more cash to fix the psychosis.
• ~B~ Apr 5, 2012

  So you're saying that all jobs were shit jobs in the 80's? How could this be when we had disco music and hair metal. I don't see the harm at all with going back to the tax levels from then.
• ~B~ Apr 5, 2012

  Brown🎵Note😲 wrote:

  Spending is up, so your answer is to increase revenues??

  That's like giving a compulsive spender more cash to fix the psychosis.
  

  Because spending is up necessarily.
• Brown🎵Note Apr 5, 2012

  (actually, revenues went down for the first time ever in 2009, but only slightly. Must be those tax hikes.)
• ~B~ Apr 5, 2012

  Tax revenue is higher but inflation accounts for that. The percentage of taxes on the rich is the lowest it's been since we implemented income taxes. They keep getting tax cuts with no tax raises to counteract
• Brown🎵Note Apr 5, 2012

  ~B~ wrote:

  Tax revenue is higher but inflation accounts for that. The percentage of taxes on the rich is the lowest it's been since we implemented income taxes. They keep getting tax cuts with no tax raises to counteract
  

  What happened to our tax revenue when Reagan cut tax rates almost in half?
• Brown🎵Note Apr 5, 2012

  In 1960, the highest tax bracket payed 91% of their income. Tax revenues were 7.8% of GDP.

  The lowest top rate in the time since is 28% in 1988-1990. Tax revenues were 8% of GDP.

  Adjusted for inflation, 1960 per capita purchasing power parity was $13,414

  '88: $26,649
  '89: $27,312
  '90: $27,504

  Huh. It's almost like we have historical data that shows stuff.
• Brown🎵Note Apr 5, 2012

  Hey, JO, looking it up, gift and estate taxes are actually the smallest category of federal revenue at .9% in 2010, or $18.9 Billion.

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